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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (29215)6/18/1998 11:24:00 AM
From: Joseph G.  Read Replies (3) of 132070
 
If this is not a joke, then what is?

<<CORRECTED-RESEARCH ALERT-Gruntal raises H-P

In NEW YORK story headlined ''RESEARCH ALERT-Gruntal cuts H-P,'' please correct headline to ''RESEARCH ALERT-Gruntal raises H-P.'' (Gruntal corrects to ''raises rating'' from ''cuts rating'')

A corrected repetition follows,

NEW YORK, June 18 (Reuters) - Gruntal said analyst Mona Eraiba raised its rating on Hewlett-Packard Co. to strong buy from buy on Thursday but cut profit estimates.(corrects to rating upgrade)

-- Gruntal said it cut H-P's 1998 estimated earnings per share to $2.95 from $3.10, and cut 1999 estimate to $3.80 from $3.90.

-- no further information immediately available.

-- shares off 1-3/16 to 57-5/16 in early trading.

-- stock was one of the most active on the New York Stock Exchange.>>
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